Providence agrees Celtic Sea farm-in

British explorer ABT Oil & Gas is to farm-in to

The legacy assets are the Helvick and Dunmore discoveries in the North Celtic Sea Basin, in which Providence owns 62.5% and 72.5% respectively. The Helvick asset has estimated reserves of 9.4m barrels

of oil in place, with the potential for additional volumes. Market sources suggest at least 3m barrels could be recoverable.